Goldenrodfx-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2024-12-27 18:03

Abstract：Founded in 2020, Goldenrodfx is an unregulated broker registered in Seychelles, offering more than 250 trading instruments with leverage up to 1:200 and spread from 6 pips on the web-based trading platform.

Note: Goldenrodfx's official website - https://goldenrodfx.com/ is currently inaccessible normally.

Goldenrodfx Review Summary
Founded	2020
Registered Country/Region	Seychelles
Regulation	No regulation
Market Instruments	250+
Demo Account	✅
Leverage	Up to 1:200
EUR/USD Spread	From 6 pips
Trading Platform	Web
Min Deposit	/
Customer Support	Email: support@goldenrodfx.com
Customer Support	Address: Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles

Goldenrodfx Information

Founded in 2020, Goldenrodfx is an unregulated broker registered in Seychelles, offering more than 250 trading instruments with leverage up to 1:200 and spread from 6 pips on the web-based trading platform.

Pros and Cons

Pros	Cons
Demo accounts	Inaccessible website
Multiple account types	No regulation
	Wide spreads
	No MT4/MT5 platform
	Unclear minimum deposit
	Unknown payment options
	Only email support

Is Goldenrodfx Legit?

No. Goldenrodfx currently has no valid regulations. Please be aware of the risk!

Account Type

Here are three account types Goldenrodfx offers:

Account Type	Max Deposit
Premium	$2,000
Advanced	$1,000
Beginner	$250

Leverage

Goldenrodfx offers max leverage capped at 1:200. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spread

As tested at Goldenrodfxs demo web account, the spread for the benchmark EUR/USD pair was floating around 6 pips, which is much higher than those regulated brokers.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Web-based platform	✔	/	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Leverage Broker Currency Pair Dealer Forex trading Forex Broker Forex Currency pair leverage in forex forex pips forex market

Related broker

No Regulation

Goldenrodfx

Company name：Goldenrodfx

Score

1.48

Website：https://goldenrodfx.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.48

The Latest Arrest Cases in Illegal Forex Trading

Explore this story showing the arrests made in two forex trading scams involving INR 7 core and INR 43.83 lakh, respectively.

Original 2025-06-26 20:30

What are the Major Consequences of Bankruptcy?

Bankruptcy is a common term we hear every day. But what exactly does it mean? Is it a banking crisis or an investment scam? How does it work, and what happens to people's investments? What are the consequences of bankruptcy? This article explores all of these important questions.

Original 2025-06-26 20:07

IQ Option: Regulation, Warnings, and What Traders Need to Know

A closer look at IQ Option reveals a gap between appearance and reality that could cost traders more than they expect. Let’s take a closer look at this!

Original 2025-06-26 18:28

Clones of ThinkMarkets Are Lurking | Don’t Fall for the Fake

A silent threat is creeping through the online trading world, and even the most experienced traders may not realise they’re walking straight into it. Several clones of ThinkMarkets, one of the industry’s most trusted brokers, are now circulating online, posing a serious risk to anyone trading on what they think is a legitimate platform.

Original 2025-06-26 18:18